Sensex up over 250 pts; RIL, DLF, SAIL, SBI, ICICI Bk lead

ALSO READ See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows See how Global Markets are trading Indian ADRs Nifty BSE | NSE 31/05/12 Are Mutual Funds betting on Nifty?

Nifty inching towards 5100; realty, pharma, auto shine

At 13.04 hrs IST, the Nifty continued to hold its gain as strong buying was seen in realty, pharma, auto, and metal stocks. Banks, oil and gas, power and capital goods stocks also traded positive while FMCG and IT stocks were trading marginally lower. Stocks like Reliance, ICICI Bank, L&T, HDFC and SBI were the positive contributors to the Sensex.

The BSE midcap and smallcap indices were up 1.40% and 1.89 respectively.

The Sensex was up 165.20 points or 0.98% at 17,091.42, and the Nifty was up 61.25 points or 1.22% at 5,093.95.

The market's breadth was positvie, about 2,046 shares advanced, 815 shares declined, and 572 shares were unchanged.

The BSE realty index has outperformed other sectoral indices; it was up nearly 5% at 3834. Stocks like Unitech, DLF, Peninsula Land, and HDIL were up 4-8%.

In the largecap space, top gainer on the Sensex was Sun Pharma up close to 4.5%. DLF, Tata Motors, Sterlite Inds and Hindalco were up 2-4%. On the losing side, Hindustan Unilever was the top loser down 2%. Next on the list were BHEL, Infosys, ITC and TCS down less than 1%.

Top gainers on the BSE Midcap: Jet Airways, Havells India, Kingfisher Airlines, Thomas Cook and Tata Invest Corp were up 5-9%.

Top losers on the BSE Midcap: AIA Engineering, Jain Irrigation, Indiabulls, Shriram Transport Finance and Kansai Nerolac were down 1-3%.

Top gainers on the BSE Smallcap: OCL Iron, Zydus Wellness, Garden Silk Mills, Kiri Dyes & Chemicals and Jindal Cotex were up 13-20%.

Top losers on the BSE Smallcap: Jindal Worldwide, Oscar Inv, Panyam Cements, MSP Steel and Infotech Enterprise were down 3-4%.

Sensex rallies further; Unitech, Sun Pharma, DLF up

At 12.12 hrs IST, continuous buying in telecom, oil & gas exploration, metal, banking, realty, pharma, cement and infrastructure companies' shares was helping the Sensex to extend the rally. The upbeat mood was also because of Monday's better-than-expected Q2 GDP (gross domestic product) data. GDP grew 7.9% from a year earlier after rising 6.1% in the previous quarter.

Further upside in Asian markets was also supportive; Nikkei rose 2.4%. Shanghai and Straits Times went up over 1%. Kospi and Taiwan Weighted gained 0.9% each. Jakarta and Hang Seng rose 0.6% each.

The Sensex was up 145.10 points or 0.86% at 17071.32, and the Nifty was up 53.15 points or 1.06% at 5085.85. About 2023 shares advanced, 805 shares declined, and 605 shares were unchanged.

In the largecap space, realty major Unitech was up close to 6%. Sun Pharma was up more than 4%. Steel companies Sail and Jindal Steel were up 3% each. On the losing side, FMCG heavyweight Hindustan Unilever was down 1.4%. Gail, BPCL, Infosys and TCS were down less than 1% each.

Top gainers on the BSE Midcap: Havells India, Torrent Pharma, State Bank of Mysore, Cadila Healthcare and Sterlite Technologies were up 5-7%.

Top losers on the BSE Midcap: AIA Engineering, Blue Dart, Jain Irrigation, Kansai Nerolac and Indiabulls Financial were down 2-3%.

Top gainers on the BSE Smallcap: OCL Iron, Kiri Dyes and Chemicals, Garden Silk Mills, Jindal Cotex and Zydus Wellness were up 10-20%.

Top losers on the BSE Smallcap: MSP Steel, Jindal Worldwide, WABCO-TVS, Zodiac Clothing and Hatsun Agro were down 2-3%.

Nifty holds 5,050; telecom, metals, realty, auto, RIL gain 

At 11:03 hours IST, the Nifty was holding the 5,050 level on the back of buying interest in metal, telecom, oil & gas exploration, realty, auto, cement, select infrastructure and banking stocks. However, selling in Infosys, HUL, GAIL, BPCL, Suzlon and ABB capped the gains to some extent.

Positive Asian markets were also supportive to the benchmark indices. Nikkei rose 1.6%. Hang Seng, Straits Times, Kospi, Taiwan Weighted and Jakarta gained 0.5-0.9%. However, Shanghai was flat.

The Sensex went up 122 points to 17,049 and the Nifty rose 39 points to 5,072. 

Bharti Airtel, Idea Cellular, Reliance Communications, MTNL and Tata Teleservices gained 1-2% in the telecom space.

In the realty space, DLF rose 2.2% and Unitech gained 4.4%.

Metal stocks like Jindal Saw, Sterlite Industries, JSW Steel, Jindal Steel, SAIL, Hindalco, NALCO and Tata Steel were up 1.4-3.5%.

Reliance Industries, Cairn India, ONGC and IOC went up 0.4-1.4% in the oil & gas pack.

In the banking segment, Kotak Mahindra, Axis Bank, Union Bank, HDFC Bank, SBI and ICICI Bank were up 0.5-1.7%.

Power Grid Corp, NHPC, Lanco Infratech, Reliance Power, GVK Power, Neyveli Lignite, Reliance Infrastructure, Torrent Power, Siemens, GMR Infra, Tata Power, Adani Power and NTPC moved up 0.4-1.7% in the power pack.

Maruti Suzuki's November sales went up 2.8% to 87,807 units in the month of November as against 85,415 units in previous month. Its exports declined 17.43% to 11,448 units versus 13,864 units on month-on-month basis (MoM). The stock was up 2%.

India's largest two-wheeler maker, Hero Honda reported 31.49% growth in its November sales at 3.8 lakh units versus 2.89 lakh units (YoY) and 7.34% jump as against 3.54 units (MoM). The stock rose 0.6%.

TVS Motors' sales slipped 8.4% to 1.2 lakh units versus 1.31 lakh units (MoM) while jumped 22.45% as against 0.98 lakh units (YoY). The stock gained 1%.

The broader indices were outperforming the benchmark indices, up 0.9-1.3%, as about 935 shares advanced while 257 shares declined on the NSE.

Top percentage gainers - Rama Newsprint and OCL Iron shot up nearly 20% each. Paushak, Kiri Dyes Chemical, Photoquip India, Garden Silk Mills and Abhishek Corp were up 13.7-16.7%.

In the midcap space, Torrent Pharma, Cadila Health, KGN Industries, Sterlite Tech and Jaiprakash Hydro went up 4.5-7.5%. However, REI Six Ten, Jain Irrigation, Bannariamman, Indiabulls Financial and Kansai Nerolac slipped 1.4-2.7%.

In the smallcap space, Money Matters, Action Construction and Jindal Cotex gained 9.6-11.7% while IndiaNivesh lost 17%. Kanani Industries, Zodiac Clothing, WABCO-TVS and Lloyds Metals declined 3-4%.

Sensex above 17000 on positive global cues; autos rally

The Sensex opened on a positive note and jumped back above the 17,000 mark on the back of positive global cues. Global markets were up as Dubai's concerns ease. The Nifty was trading above the 5,050 level, as metal, realty and telecom stocks supported the index. Auto stocks gained in early trade ahead of their monthly sales numbers.

At 9:56 am, the Sensex rose 98 points to 17,025 and the Nifty gained 30 points at 5,063. The CNX Midcap rose 57 points to 7,206, as about 600 shares advanced while 70 shares declined on the NSE.

Sterlite Industries, Tata Motors, HCL Tech, Siemens, Unitech, SAIL, Maruti, M&M, Sun Pharma, Hero Honda, Bharti Airtel, Jindal Steel, Idea Cellular, Reliance Communications, HDFC and DLF were gainers in early trade.

However, HDFC Bank, HUL and Cipla were losers.

Midcap space:

Areva T&D was up over 4% and Alstom Projects up over  3%, as Alstom-Schneider team will acquire Areva's T&D Unit.

Aban Offshore 4%, as the company is looking to raise $400 million via IPO of Singapore arm Aban Singapore early next year.

Rolta, Subros, NIIT, 3i Infotech and Cambridge Solutions were gainers.

Jindal Cotex and S Kumars were up 1.5-3%.

Global cues:

Asian markets were trading higher. Hang Seng, Nikkei, Straits Times, Kospi, Taiwan Weighted and Jakarta went up 0.5-1.4%. However, Shanghai was flat.

The US markets ended off day's low as Dubai concerns ease. Dubai World said that they would restructure debt worth $26 billion against earlier talk of $59 billion.

The Dow Jones Industrial Average ended up 35 points at 10,345, after seeing recovery of 82 points from day's low.

The S&P 500 Index ended up 4 points at 1,096, after seeing recovery of 10 points from day's low and the Nasdaq Composite was up 6 points at 2,144.6, which recovered 25 points from day's low.

Commodities:

Crude was up 1.6% at above $77/bbl, gained 10% in November.

Baltic dry Index was down 3%.

Copper was up 1.5% at $6970/tonne.

Zinc was up 4% and Aluminium up 2.5%.

Gold was up 1% at above $1180/ounce, gained 17% in November.

Market cues:

-FIIs net sell USD 156 million in cash
-MFs net sell Rs 361 crore in cash
-Total F&O Open Int up by Rs 2604 crore to Rs 86,901 crore
-FIIs net buy Rs 456 crore in cash on November 30 (prov)
-DIIs net buy Rs 469 crore in cash on November 30 (prov)
-FIIs net buy Rs 1,423 crore in F&O on November 30

F&O cues:

-Nifty up 1.8% , Futures Open Int down 3%
-Total Futures Open Int up by Rs 757 crore, Total Options Open Int up by Rs 1847 crore
-Nifty IVs at at 23-26% levels versus 26-30% levels
-Nifty Open Int PCR up from 1.33 to 1.4
-Nifty Dec futures trading at 3 pt discount versus 5 pt premium
-Nifty Calls add 46 thousand shares in Open Int, Nifty Puts adds 26.7 lakh shares in Open Int
-Nifty Dec 4900 Put Adds 10.7 lakh shares in Open Int
-Nifty Dec 5000 Put Adds 6.2 lakh shares in Open Int
-Nifty Dec 5200 Call Adds 2.5 lakh shares in Open Int
-Stock futures add 1.24 cr shares in Open Int